03:38 PM EDT, 08/04/2025 (MT Newswires) -- Health care stocks advanced late Monday afternoon, with the NYSE Health Care Index up 1.1% and the Health Care Select Sector SPDR Fund (XLV) adding 1.3%.

The iShares Biotechnology ETF (IBB) climbed 1.6%.

In corporate news, Redwire ( RDW ) shares rose past 6% after it said Monday it established a SpaceMD unit focused on growing seed crystals in space to support the development of new or improved pharmaceuticals on Earth.